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If an allequity firm is expected to earn and pay out a $4.00 dividend forever (in perpetuity), what is the value of the firm's stock

If an allequity firm is expected to earn and pay out a $4.00 dividend forever (in perpetuity), what is the value of the firm's stock given a cost of equity of 9.60 percent?

$22.09

$41.67

$44.67

$44.17

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